The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Uncle Julio\u2019s located at 2360 Fountain Square Drive in Lombard, Illinois for $4,200,000.<\/p>\n
The 10,682 square-foot building benefits from its position off Butterfield Road, which experiences over 43,500 vehicles per day. Butterfield Road is a dense retail thoroughfare positioned at the intersection of Interstate 88 (161,100 VPD) and Interstate 355 (120,500 VPD). Tenants occupying the area include Dick\u2019s Sporting Goods, Target, The Home Depot, Costco, AMC Theaters, Chick-Fil-A, Starbucks, and many others. Additionally, Uncle Julio\u2019s backs up to The Hyatt Place There are over 264,800 people living within a five-mile radius of the property. The daytime population experiences a 27% surge due to the area\u2019s office and industrial presence. The area\u2019s population is affluent, with an average household income in excess of $152,900 within five miles.<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a Midwest based developer and the buyer was a private investor from Michigan.<\/p>\n
Uncle Julio\u2019s is a chain of Mexican restaurants with locations primarily in the United States (headquartered in Irving, Texas). Known for its upscale casual dining atmosphere, Uncle Julio\u2019s offers a menu inspired by Mexican cuisine with a modern twist.<\/p>\n
\u201cThe asset is positioned in an affluent market surrounded by a large retail and office presence\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman of The Boulder Group, added, \u201cThe tenant\u2019s long term occupancy demonstrates its commitment to the site.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Uncle Julio\u2019s located at 2360 Fountain Square Drive in Lombard, Illinois for $4,200,000. The 10,682 square-foot building benefits from its position off Butterfield Road, which experiences over 43,500 vehicles per day. Butterfield Road is a dense retail thoroughfare positioned […]<\/p>\n","protected":false},"author":3,"featured_media":2917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[388],"tags":[],"class_list":["post-2916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-net-lease-sold"],"yoast_head":"\n